Election Effect

With the presidential election only a week away I can’t help but wonder what effect it will have on the markets. As much as I hate to admit it, it is looking like Obama may be the winner. I am not a Barack Obama fan, but I would not be surprised if the markets have a record day next Wednesday if he is elected. The simple fact that the democrats would have taken over could be enough of a “change” to ignite the markets and instill some confidence in investors.

On the other hand, if McCain somehow manages to win the election would it cause the market to drop? Would the meer fact that there is a new president coming in be enough to bring the markets up?

My guess is that if Obama wins and the markets go up he’ll get all the credit and be hailed as a hero. If McCain wins it would just be the fact that George W. Bush is on is way out. Can you tell I’m a little biased here? My apologies, I have issues with paying those who don’t pay taxes and paying more should I ever become a successful businessman.

As we count down the days til the election, and the anticipation rises, lets all just hope that come next Wednesday the markets see the change in office as a positive thing, no matter who wins.

Here is a little video about the effects of both candidates’ tax plans and how they’ll effect you. I just find it interesting.